Overview

Village Financial Services Ltd. (VFS) began its journey in microfinance operations in 2006, and is today recognized as one of the oldest and the most reputed microfinance institutions of Eastern India. Expanding services and operations to ten states in India, VFS has carved a rare distinction of being the first microfinance company in Eastern India to be registered as NBFC-MFI under section 45-IA of the Reserve Bank of India. It is also the first ISO certified microfinance company in India.

Outreach

States

Districts

Branch Offices

Loan Outstanding

Customers

West Bengal

Bihar

Jharkhand

Assam

Tripura

Sikkim

Odisha

Uttarakhand

Madhya Pradesh

Chhattisgarh

Meghalaya

67

223

Rs. 1055 Crore

4,71,000

Products

In the age of rapidly shifting technology and market requirements, we need also to evolve dynamically both in terms of technology and products. Failing to sense the changes in the structure of demand on the ground and responding to such a change leaves our customers underserved. Realising this we looked at the growth cycle of individual members of joint liability groups. This search led us to interesting results.

We realised that our customers use their homes as their basic production centres. For any entrepreneur, keeping their production centres or office space upgraded is a necessary condition for maintaining efficiency and productivity. Therefore our customers who depend on finance from us as the primary access to fund would also require a source of loans for maintaining their workplace. This requirement cannot be served through Briddhi or Sri Briddhi as the products are for Joint Liability Groups (JLG).There was also another reason for not including in the JLG segment. There was every possibility of a group refusing the onus of a member’s need for housing loan.

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Employee Speak

Tapas Majumdar,

Branch Manager of the Shyamnagar branch

I am the Branch Manager of the Shyamnagar VFS branch. I am associated with the VFS family since 2009. I have gained significant experience and respect from my colleagues. It has made me a responsible individual. I will be ever grateful to VFS and would like to work here till the end of my career.

Uday Kar,

Operation Executive

VFS is the oldest Micro Finance Institution in West Bengal which provides micro loans to the needy and thus helps them to be self-dependent. The professional work atmosphere here is not found in any other MFI. I have worked here since a long time and I love my workplace.

Tamali Koley,

Area Development Manager

It’s been 12 years now since I am working as a Area Development Manager of VFS. I love my workplace due to a smooth work process, proper leave policies and other associated benefits.

Manas Mondal,

Area Development Manager

Since the last 16 years I'm associated with VFS. I had joined as a CSR and with time have been promoted to the Area Development Manager level. I love my company and hope that VFS will attain the Bank status soon. I had started my career here and plan to end it in this organisation.

Asarat Mondal,

O.EX, Karimpur Branch

I'm working at VFS since 2012 and have had job security ever since. I am very satisfied with my work. The work culture here is very nice and thus I love my job. I hope VFS reaches a great height and I am certain that we will also grow with the organization.

Abhishek Gorai,

O.EX, Bardhaman Branch

Post joining VFS I have never experienced any excessive work pressure and my colleagues have always been very supportive and respectful. VFS has a good reputation in the market and thus the customers respect us too in comparison to other microfinance companies.

Ajay Kumar Dolui,

Area Development Manager

It's about to be 12 years since I am associated with VFS. Wherever I have been posted, be it in Katihar or Sikkim or Siliguri, I have performed with utmost pleasure. My company has given me various memorable moments in my life. I hope to continue my journey with VFS for the times to come.

Subrata Bera,

Area Development Manager

I joined VFS as a CSR and step-by-step got promoted to ADM rank. This is my first job and it has trained me to develop my skills over the last 18 years. VFS has provided me the source to sustain my family and provide proper care to my child. I feel proud to be a VFS employee.

Prasad Ghosh,

Area Development Manager

I am working at VFS as Area Development Manager. It was 12 years back that I joined VFS as a Field Staff. In the past few years I received regular training and guidance to grow in the company, making me extremely happy to be a part of the VFS Group

Careers

Position Summary : CSR is responsible in developing business, maintain the portfolio quality as per the standard, Collection from Customer and shall assist the Branch Manager to achieve the overall Branch operational targets and objectives.

Position Summary : Sr. Executive/ Executive Training is responsible to ensure that the training needs of the employees are met through the proper planning and implementation of trainings from time to time.